Nado Confirms $INK Token Airdrop for Private Alpha Testers

Nado, a decentralized exchange developed by the Kraken team, has officially confirmed that points earned in its private alpha will be convertible to $INK tokens. While the exchange has not yet announced the exact conversion rate or distribution mechanics, this announcement solidifies a direct path for early users to gain an allocation in the upcoming token generation event (TGE). The rewards system is designed to incentivize trading and feedback during the platform's early stages.

Kraken-Backed DEX Unifies Spot and Perpetual Trading on Ink

Nado operates as a central-limit orderbook (CLOB) exchange built on the Ink blockchain. The platform integrates both spot and perpetuals trading under a single, unified margin system. This structure allows traders to dynamically manage collateral across multiple positions from one interface, aiming to deliver a more capital-efficient trading experience. The choice of the Ink blockchain provides the infrastructure for Nado's orderbook-based execution model.

Participation Hinges on Waitlist Approval and Trading Activity

Access to the Nado platform and its points program is currently exclusive to participants approved from a waitlist. Prospective users must submit an EVM wallet address, email, and social media details to apply, with the team prioritizing traders who can provide valuable feedback. Once approved, users earn Nado Points by depositing assets and actively trading. The platform indexes all on-chain activity, including spot trades and the management of perpetual positions, to allocate points to users in real-time.